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per barrel. that's just about where opec members want them. opec will be meeting tomorrow to see who will publicly lead the group. joining us for , zendana hari. good morning. what are your expectations for this meeting? >> we aren't expecting any major surprises so far based on what the ministers coming into the meeting have been saying publicly and even privately. officially, opec will stick to its 30 million a day barrel target. that covers all the members of the group. that would be actually production has been consistently higher ever since this target wab set. almost 1.1 million barrels above the target is what opec has cut into producing. >> heading into a meeting like this, incident isn't just about the supply, it's about demand. we've seen some softening in global production. how much will these countries have to produce next year? is it going to be a demand story ultimately as we look at global growth or is it going to be a supply story, about the middle east and where the flow is actually coming from? >> i think it will be a supply story. we saw entire libyan production ou
talked to a lot of people, they say yes. melissa: charlie, thank you. a battle for control as opec meets. who will be the new leader of the oil cartel? saudi arabia or arch rival iran fighting for the top spot. [ male announcer ] where do you turn for legal matters? at legalzoom, we've created a better place to handle your legal needs. maybe you have questions about incorporating a business you'd like to start. or questions about protecting your family with a will or living trust. and you'd like to find the right attorney to help guide you along, answer any questions and offer advice. with an "a" rating from the better business bureau legalzoom helps you get personalized and affordable legal protection. in most states, a legal plan attorney is available with every personalized document to answer any questions. get started at legalzoom.com today. nd now you're protecd. lori: markets holding up. nice rally. as we do every 15 minutes let's head back to the floor of the new york stock exchange to check in with nicole. jpmorgan the new favorite bank for customers. >> this is very interesting
that opec does, every time we see unrest in the middle east, we see a spike in oil, does that mean more we're rousing here in the u.s. we won't be impacting by that as much? >> yeah. i mean the more domestic supply we have, the less we depend on opec ps of the world, no question. the problem we have as the world though, 92 million barrels a day roughly what the production is. that is about a million barrels a day of excess capacity. so any little flare-up in the middle east will impact world oil prices. ashley: so do you think we'll be energy independent anytime soon? we're almost there. >> yeah. i think by "20/20" -- 2020 we have legitimate chance between all the natural gas we're bringing on and oil we're bringing on, on energy equivalent basis we'll be independent. we'll be importing oil and exporting gas as lng, very good, interesting stuff. john shiller, chairman of energy defend one. john, thank you so much. we appreciate it. >> thank you for having us. tracy: you make a great point, saudi arabia will not be very happy about our quest for independence. ashley: that is real threat to
is happening with today but of course what oil traders are looking for in the week ahead. we have opec meeting on wednesday, which could certainly add to the price volatility and price reaction there as well as whatever happens with the fed. back to you. >> thank you very much, sharon epperson. the big jobs report shows 146,000 jobs were created last month so we asked did you nail the number? all this week we asked you to tweet us your predictions for the november nonfarm payrolls figure. right now the "squawk on the street" team is going through the entries. the locucky winner will receiven oof autographed picture frame. good luck. >> i did not guess well. i thought sandy would have more of an effect. >> where would numbers be without sandy? would we have done 200? >> more economic data on wall street's radar this morning and minutes away from break news on consumer sentiment at 9:55. don't go away. ♪ >> announcer: coming up, cramer is kicking it into high gear. his six stocks in 60 seconds will energize all of us. get your jim jolt when "squawk on the street" returns. try running four.ning
two years, around where it is today. that as opec announced today it will not raise the ceiling that it puts on oil exports of 30 million barrs a day and gas prices are still determined by global oil markets. i maintain that mark will see another economic renaissance and in part due to the domestic energy boom. just don't expect prices at the pump to fall anytime soon. if you're sick of slow internet connections at home, listen up. netflix, the on demand home movie provider depends on high speed connections for its customers to watch their movies. now netflix is starting a new series of monthly ratings of internet providers and the service -- the services with the fastest connection will edge google fiber rated number one by netflix. the speeds it says are 16% faster than number two verizon fios. comcast was number three on the list. here is the problem with google fiber. right now it is only available in kansas city, kansas. too bad, virtually nobody lives there. folks across the city in kansas city, missouri are out of luck for now. from the cnn money newsroom in new york, i'm
Search Results 0 to 4 of about 5